Dassault dead after crash
The French MP and billionaire Olivier Dassault and his pilot died in a helicopter crash in Normandy on Sunday evening. He was the father of three. French president Emmanuel Macron tweeted: “His sudden death is a great loss.” Dassault, aged 69, was first elected to the National Assembly in 2002, after stepping back from his family’s business. The family controls Dassault Aviation, which builds Rafale fighter jets, and owns one of France’s largest newspapers, Le Figaro. Dassault’s net worth was estimated to be more than €6bn. An inquiry will be opened into the accident, which took place in Touques, about 200km northwest of Paris. Sources: AFP, BBC, DW, Euronews and Reuters.
The Central Bank has given the clearest indication yet that the 16 individuals involved in the Davy bond scandal could face personal repercussions beyond merely losing their jobs at the investment firm.
But Ms Rowland backed away from any suggestion the Central Bank investigation had found evidence of criminal wrongdoing.
She said her team had considered both the evidence and their obligations and did not form the view there were criminal reports to be made . Now that the details are out, we are prepared to engage with other authorities, she said, later mentioning the Garda and ODCE.
She said the Central Bank was maintaining continued supervisory engagement with Davy as a regulated firm and her team was keeping all its options open, but she would not be drawn to speculate about further action against individuals.
Business Editor
Both Bank of Ireland and Davy have declined to comment on a report that the bank has made an exploratory approach to the embattled stockbroker about the possibility of buying it.
The Irish Times reported that high level contact has been made between the two firms, as Davy tries to contain the fallout from its record €4.1m fine from the Central Bank of Ireland last week.
The sanction was imposed on Ireland s largest stockbroking firm for regulatory breaches uncovered around the 2014 sale of a bond by a client, who was not told that the buyer was a consortium made up of 16 Davy staff.